Over the next two year, GTA real estate sales will moderate fur to softer economic conditions and elevate home prices. It is anticipated that by the end of 2008, home sales will down to 82,000 units, down 14% from 2007. An additional decline of 8.5% is forcasted for 2009, bringing the number of GTA real estate sales down to 75,000.
We are now at the maturing stage of the housing cycle, when the rate of price increase usually slows. The resale market is expected to remain fairly balanced, with prices growing in line with inflation. The average GTA real estate home price in 2008 will be up 2.6% to $387,000. By the end of 2009, the average price is expected to reach $394,000, up another 1,8%.
If you are looking for GTA real estate, you can begin your search here and browse through hundreds of available homes. If you see anything of interest or you have any questions about the GTA home market please do not hesitate to contact Diane Salman. If you do not find what you are looking for, then visit the Find Your Dream Home section. By filling-out the form, GTA real estate that match your criteria will be sent to you promptly. And for those who would like to know the current value of their home, please feel free to request an evaluation.
